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Right and they're in turn depositing it back into the small banks. See: https://www.wsj.com/articles/jpmorgan-morgan-stanley-and-others-in-talks-to-bolster-fir
by TheBlight 4y ago
Right and they're in turn depositing it back into the small banks.
See: https://www.wsj.com/articles/jpmorgan-morgan-stanley-and-others-in-talks-to-bolster-first-republic-4f9eeb76 https://www.wsj.com/articles/jpmorgan-morgan-stanley-and-oth...
- codyb 4y agoYea, they're depositing capital so that the small banks can meet depositor demand. It's a liquidity infusion. A lot of times the big banks don't want more small depositors anyways.
- twblalock 4y agoYes but as an individual depositor, if you moved money this would not impact your decision. You got the safety you wanted.